Commercial Property
MIT to raise $350m through private placement
MIT to raise $350m through private placement
Most of the proceeds will be used in acquiring 14 data centres in the US.
Mapletree's profits down 18% to $1.78b in FY2020
It was driven by lower asset revaluation and disposal gains.
MNACT claims $8m for damages in Festival Walk
The Hong Kong-based mall was damaged in light of the protests.
Ascott seizes 139% surge in property volume YTD
These units are scattered across China, Indonesia and Morocco.
Bukit Sembawang Estates books $53.8m impairment loss
This consists of losses from Fraser Residence Orchard due to the pandemic.
OUE in talks with possible buyer for US Bank Tower
The company clarified that there is no assurance that the talks will result in any sale.
Suntec REIT expects better performance in H2
Its Singapore office portfolio remains resilient with diverse tenant bases.
OUE C-REIT prices $100m notes due 2025 at 4%
The notes are expected to be issued on 24 June and to be listed on 25 June.
Mapletree Logistics Trust buys warehouse in Australia for $20.22m
This is the company’s second logistics facility in Brisbane.
High Street Centre up for public tender at $800m
URA will support a development of at least 60% of GFA for mixed commercial use.
China's Hopu teams up to take Perennial Real Estate private: report
It has secured undertakings from about 82% of Perennial’s shareholders.
Keppel, Manulife units and MMP tie up for Indonesia logistics venture
This venture will acquire stakes in four stabilised logistics assets from MMP as an initial portfolio.
CMT hands out rental waivers to SME tenants
Non-qualifying SME tenants will also receive an assistance package.
Wing Tai Properties preempts losses for H1
But the company assured that its cash flow remains sound.
Yanlord's pre-sales spiked 68.4% YoY to $3.7b YTD
Nanjing City took the lead as it accounted for 36.8% of the pre-sales figure.
CapitaLand to waive and defer rents for SME tenants
However, CFO Andrew Lim dreads that this will worsen the group’s financial strain.
Eagle Hospitality Trust directors interviewed by MAS
This follows the joint investigation of suspected breaches of disclosure requirements.
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